Chemical Industry
SKC to develop biodegradable eco-friendly paint containers
SK TBMGeoStone, Samhwa Paints, P&B signed a business agreement to enter eco-friendly container market
By Jan 24, 2024 (Gmt+09:00)
1
Min read
Most Read
S.Korea's LS Materials set to boost earnings ahead of IPO process
Hyundai Motor eyes EV battery production from 2027
Hanwha, LG to support Korea Zinc in battle against MBK
Naver to set up Middle Eastern headquarters in Saudi Arabia
Analysts rebut Morgan Stanley’s chip winter view; oversupply unlikely
SK TBMGeoStone, a subsidiary of South Korea's SKC Ltd. for the investment of biodegradable material, plans to enter the eco-friendly container market.
SK TBMGeoStone, Samhwa Paint Industrial Co., and the domestic container company P&B signed a biodegradable eco-friendly Paint container business agreement on Monday.
Under the agreement, the three companies will collaborate on the application and sale of eco-friendly paint containers, the development and supply of eco-friendly materials optimized for paint containers, and the development and manufacturing of paint containers.
Conventional plastic containers do not completely decompose when landfilled or incinerated, but containers made from biodegradable materials decompose over 90% within six months after composting.
The domestic paint market is estimated to be around 4 trillion won ($2.98 billion) annually.
Write to Hyung-Kyu Kim at khk@hankyung.com
More to Read
-
Chemical IndustryS.Korea's SKC to sell fine ceramic business for $270 mn
Oct 31, 2023 (Gmt+09:00)
1 Min read -
Chemical IndustryS.Korea's SKC to sell polyurethane raw material unit for $304 mn
Oct 13, 2023 (Gmt+09:00)
1 Min read -
Carbon neutralityKorea’s SKC to invest up to $70 mn in US smart glass firm Halio
Sep 27, 2023 (Gmt+09:00)
2 Min read -
Chemical IndustrySKC plans world’s largest biodegradable plant in Vietnam
Sep 25, 2023 (Gmt+09:00)
1 Min read -
Mergers & AcquisitionsSKC to acquire 12% stake in US chip packaging startup Chipletz
Sep 11, 2023 (Gmt+09:00)
2 Min read
Comment 0
LOG IN